Zogenix (ZGNX) Cuts 37% of Workforce
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Zogenix (ZGNX) Announces Initiatives to Achieve Key Near-Term Milestones
June 5, 2013 8:24 AM EDTZogenix, Inc. (Nasdaq: ZGNX) announced initiatives to extend its cash runway to reach key business milestones that may occur over the remainder of the year. These milestones include the Company's efforts to gain U.S. Food and Drug Administration (FDA) approval for its New Drug Application (NDA) for Zohydro ER (hydrocodone bitartrate extended release capsules) for chronic pain, to secure a development partner for Relday, a once-monthly injectable formulation of risperidone for schizophrenia, and to out-license the Company's proprietary DosePro needle-free delivery technology. The initiatives underway are expected to extend the Company's cash runway... More
